How has the Agreement improved access for U.S. exports to Australia?
Duties on more than 99 percent of U.S. manufactured goods exports to Australia were eliminated as soon as the Agreement entered into force on January 01, 2005. Manufactured goods account for 93 percent of U.S. exports to Australia. Australia is a key export market for important U.S. manufacturing sectors such as aircraft, autos and auto parts, machinery, computers and electronic products, chemicals, and wood and paper products. All U.S. farm exports-nearly $700 million last year – are now duty-free to Australia, benefiting many sectors such as processed foods, fruits and vegetables, corn, and soybeans. The Agreement also requires the elimination of a variety of non-tariff barriers. The FTA will open markets and streamline mutual access in intellectual property, services, government procurement, e-commerce, and investment. Companies in all 50 U.S. states export to Australia, and Australia is among the top 25 export destinations for companies in 48 of the 50 states.
